Banco Santander, S.A. (NYSE:SAN) Plans $0.15 Dividend

Banco Santander, S.A. (NYSE:SAN) declared a dividend on Wednesday, March 4th. Shareholders of record on Monday, May 4th will be given a dividend of 0.1473 per share by the bank on Friday, May 8th. This represents a yield of 254.0%. The ex-dividend date is Monday, May 4th.

Banco Santander has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Santander to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 19.6%.

Banco Santander Trading Up 5.1%

NYSE:SAN opened at $11.59 on Thursday. Banco Santander has a one year low of $5.54 and a one year high of $13.24. The business has a fifty day moving average price of $12.26 and a 200-day moving average price of $10.99. The firm has a market capitalization of $172.52 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.33 and a quick ratio of 0.25.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The business had revenue of $18.90 billion during the quarter, compared to analyst estimates of $15.89 billion. Sell-side analysts forecast that Banco Santander will post 0.83 EPS for the current year.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.